Cost of living in Miami

In Miami, United States, living costs about $3103 per month for one person and $7450 for a family of four, including rent.

How expensive is Miami compared to other cities?

Miami is 117% more expensive overall versus the European benchmark.

How does Miami compare to your city?

Miami is 28% cheaper than New York City, without rent.

Rent in Miami is, on average, 21% lower than in New York City.

What drives the cost of living in Miami?

Who is Miami a good fit for?

Miami is most realistic when moving with a strong job offer or relocation package. Without high income, the housing-driven price level can be difficult to sustain.

FAQ

Why is Miami so expensive?

The high cost of living in Miami is primarily driven by rent and utilities, which significantly impact overall expenses.

Is food expensive in Miami?

Yes, food costs are 48% higher than the European benchmark, contributing to the overall expense of living.

Is public transport affordable in Miami?

No, public transport is 75% higher than the European benchmark, making it a costly option for residents.

Cost of living breakdown

Cost of Living, one person, including rent
3103 $
Without Rent
1028 $
Rent & Utilities
2075 $
Food
704 $
Transport
131 $
Monthly Salary, after tax
4410 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
442.0K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 22.8 $
Dinner 88.5 $
Fast food, McDonalds or KFC 12.3 $
Beer, 0.5 L or 16 fl oz 7.36 $
Capuccino 5.26 $
Coke, 330ml 3.09 $

Compare Miami with:

Markets

Milk, 1 L or 1 qt 1.17 $
Bread, 0.5 kg or 1 lb 3.61 $
Rice, 1 kg or 2 lb 4.06 $
Eggs, 12 pack 5.04 $
Cheese, 1 kg or 2 lb 14.8 $
Chicken Breast, 1 kg or 2 lb 12.5 $
Round Steak, 1 kg or 2 lb 18.2 $
Apples, 1 kg or 2 lb 5.91 $
Banana, 1 kg or 2 lb 1.86 $
Oranges, 1 kg or 2 lb 4.66 $
Tomato, 1 kg or 2 lb 4.82 $
Potato, 1 kg or 2.2 lb 2.51 $
Onion, 1 kg or 2.2 lb 3.29 $
Water, 1 L or 1 qt 1.49 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 3.21 $
Wine, 750 mL bottle 14.6 $
Beer, 0.5 L or 16 fl oz 2.38 $
Cigarette pack 9.85 $

Transportation

One-way Ticket 2.24 $
Monthly Pass 115 $
Gas or Petrol, 1l or 0.26 gal 0.94 $
Taxi, 8 km 15.1 $

Personal Care

Doctor Visit, private clinic 152 $
Cold medicine, for 1 week 12.7 $
Hair Shampoo, 400 ml or 12 oz. 7.01 $
Toilet paper, 4 rolls 5.55 $
Toothpaste, 1 tube 3.01 $

Utilities per Month

1 person, electricity, heating, water & garbage 111 $
Family of 4, electricity, heating, water & garbage 173 $
Internet plan, +60 Mbps 62.8 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,765 $
3 Bedroom Apartment, outside of center, 85 sq.m 3,570 $
1 Bedroom Apartment, in city center, 40 sq.m 2,446 $
3 Bedroom Apartment, in city center, 85 sq.m 4,939 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 6,519 $
Price per Square Meter to Buy House, in suburbs 4,021 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,41 $
Mortgage Interest Rate, for 20 years fixed-rate 6.69%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 71.4 $
Cinema, 1 seat 15.2 $
Haircut 33 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 82.1 $
Brand Jeans, Levis 501 49.5 $

Childcare

Preschool, full day, monthly for 1 child 1,21 $
International Primary School, yearly for 1 child 25,328 $

Compare Miami with other top cities

Cayman Islands
Miami vs George Town (George Town is 17% more expensive)
Bahamas
Miami vs Nassau (Nassau is 11% less expensive) Miami vs Freeport (Freeport is 29% less expensive)
Vanuatu
Miami vs Port Vila (Port Vila is 24% less expensive) Miami vs Luganville (Luganville is 2% less expensive)
United States
Miami vs New York City (New York City is 31% more expensive) Miami vs Los Angeles (Los Angeles is 3% more expensive) Miami vs Chicago (Chicago is 14% less expensive) Miami vs Houston (Houston is 28% less expensive) Miami vs Phoenix (Phoenix is 24% less expensive) Miami vs Philadelphia (Philadelphia is 18% less expensive) Miami vs San Antonio (San Antonio is 29% less expensive) Miami vs San Diego (San Diego is 8% more expensive) Miami vs Dallas (Dallas is 18% less expensive) Miami vs San Jose (San Jose is 18% more expensive)
Canada
Miami vs Toronto (Toronto is 17% less expensive) Miami vs Montreal (Montreal is 37% less expensive) Miami vs Calgary (Calgary is 31% less expensive) Miami vs Ottawa (Ottawa is 28% less expensive) Miami vs Edmonton (Edmonton is 42% less expensive) Miami vs Winnipeg (Winnipeg is 43% less expensive) Miami vs Mississauga (Mississauga is 20% less expensive) Miami vs Vancouver (Vancouver is 15% less expensive) Miami vs Brampton (Brampton is 31% less expensive) Miami vs Hamilton (Hamilton is 31% less expensive)
Barbados
Miami vs Bridgetown (Bridgetown is 56% less expensive) Miami vs Holetown (Holetown is 55% less expensive)
Panama
Miami vs Panama City (Panama City is 55% less expensive) Miami vs Colon (Colon is 62% less expensive) Miami vs Tocumen (Tocumen is 60% less expensive) Miami vs Santiago de Veraguas (Santiago de Veraguas is 66% less expensive) Miami vs David (David is 73% less expensive) Miami vs La Chorrera (La Chorrera is 69% less expensive) Miami vs Balboa (Balboa is 60% less expensive) Miami vs Pacora (Pacora is 60% less expensive) Miami vs Chitre (Chitre is 65% less expensive) Miami vs Penonome (Penonome is 65% less expensive)
Saint Kitts And Nevis
Miami vs Basseterre (Basseterre is 60% less expensive) Miami vs Cayon (Cayon is 60% less expensive)
Cuba
Miami vs Havana (Havana is 67% less expensive) Miami vs Santiago de Cuba (Santiago de Cuba is 54% less expensive) Miami vs Holguin (Holguin is 59% less expensive) Miami vs Camaguey (Camaguey is 51% less expensive) Miami vs Santa Clara (Santa Clara is 66% less expensive) Miami vs Bayamo (Bayamo is 62% less expensive) Miami vs Guantanamo (Guantanamo is 50% less expensive) Miami vs Las Tunas (Las Tunas is 50% less expensive) Miami vs Pinar del Rio (Pinar del Rio is 65% less expensive) Miami vs Cienfuegos (Cienfuegos is 72% less expensive)
Costa Rica
Miami vs San Jose (San Jose is 60% less expensive) Miami vs Limon (Limon is 61% less expensive) Miami vs Liberia (Liberia is 71% less expensive) Miami vs Alajuela (Alajuela is 60% less expensive) Miami vs Puntarenas (Puntarenas is 59% less expensive) Miami vs Cartago (Cartago is 69% less expensive) Miami vs Heredia (Heredia is 60% less expensive) Miami vs Tamarindo (Tamarindo is 46% less expensive) Miami vs Santa Teresa (Santa Teresa is 58% less expensive)
Saint Lucia
Miami vs Castries (Castries is 63% less expensive) Miami vs Vieux Fort (Vieux Fort is 61% less expensive)
Jamaica
Miami vs Kingston (Kingston is 57% less expensive) Miami vs Spanish Town (Spanish Town is 75% less expensive) Miami vs Montego Bay (Montego Bay is 67% less expensive) Miami vs Half Way Tree (Half Way Tree is 62% less expensive) Miami vs May Pen (May Pen is 74% less expensive) Miami vs Mandeville (Mandeville is 68% less expensive) Miami vs Old Harbour (Old Harbour is 73% less expensive) Miami vs Linstead (Linstead is 66% less expensive) Miami vs Savanna-la-Mar (Savanna-la-Mar is 64% less expensive) Miami vs Port Antonio (Port Antonio is 63% less expensive)
El Salvador
Miami vs San Salvador (San Salvador is 62% less expensive) Miami vs Santa Ana (Santa Ana is 77% less expensive) Miami vs Soyapango (Soyapango is 62% less expensive) Miami vs San Miguel (San Miguel is 65% less expensive) Miami vs Mejicanos (Mejicanos is 63% less expensive) Miami vs Apopa (Apopa is 63% less expensive) Miami vs Santa Tecla (Santa Tecla is 61% less expensive) Miami vs Ahuachapan (Ahuachapan is 53% less expensive) Miami vs Usulutan (Usulutan is 65% less expensive) Miami vs Sonsonate (Sonsonate is 72% less expensive)
Antigua And Barbuda
Miami vs St. John's (St. John's is 65% less expensive) Miami vs All Saints (All Saints is 65% less expensive)
Grenada
Miami vs St. George's (St. George's is 66% less expensive) Miami vs Grenville (Grenville is 66% less expensive)
Dominica
Miami vs Roseau (Roseau is 68% less expensive) Miami vs Portsmouth (Portsmouth is 63% less expensive)
Saint Vincent
Miami vs Kingstown (Kingstown is 68% less expensive) Miami vs Georgetown (Georgetown is 68% less expensive)
Belize
Miami vs Belize City (Belize City is 72% less expensive) Miami vs San Ignacio (San Ignacio is 65% less expensive) Miami vs Belmopan (Belmopan is 77% less expensive) Miami vs San Pedro Town (San Pedro Town is 57% less expensive) Miami vs Caye Caulker (Caye Caulker is 49% less expensive)
Guatemala
Miami vs Guatemala City (Guatemala City is 68% less expensive) Miami vs Mixco (Mixco is 79% less expensive) Miami vs Coban (Coban is 71% less expensive) Miami vs Quetzaltenango (Quetzaltenango is 75% less expensive) Miami vs Jalapa (Jalapa is 71% less expensive) Miami vs San Miguel Petapa (San Miguel Petapa is 71% less expensive) Miami vs Momostenango (Momostenango is 72% less expensive) Miami vs Mazatenango (Mazatenango is 72% less expensive) Miami vs Flores (Flores is 72% less expensive) Miami vs Panajachel (Panajachel is 75% less expensive)
Honduras
Miami vs Tegucigalpa (Tegucigalpa is 73% less expensive) Miami vs San Pedro Sula (San Pedro Sula is 67% less expensive) Miami vs Choloma (Choloma is 81% less expensive) Miami vs La Ceiba (La Ceiba is 79% less expensive) Miami vs El Progreso (El Progreso is 72% less expensive) Miami vs Villanueva (Villanueva is 72% less expensive) Miami vs Comayagua (Comayagua is 77% less expensive) Miami vs Puerto Cortes (Puerto Cortes is 77% less expensive) Miami vs Yoro (Yoro is 76% less expensive) Miami vs La Lima (La Lima is 72% less expensive)
Dominican Republic
Miami vs Santiago de los Caballeros (Santiago de los Caballeros is 74% less expensive) Miami vs Santo Domingo (Santo Domingo is 66% less expensive) Miami vs Puerto Plata (Puerto Plata is 75% less expensive) Miami vs Higuey (Higuey is 75% less expensive) Miami vs La Vega (La Vega is 82% less expensive) Miami vs San Cristobal (San Cristobal is 73% less expensive) Miami vs San Pedro de Macoris (San Pedro de Macoris is 76% less expensive) Miami vs San Francisco de Macoris (San Francisco de Macoris is 83% less expensive) Miami vs San Juan de la Maguana (San Juan de la Maguana is 80% less expensive) Miami vs Bonao (Bonao is 83% less expensive)
Nicaragua
Miami vs Managua (Managua is 75% less expensive) Miami vs Leon (Leon is 79% less expensive) Miami vs Masaya (Masaya is 77% less expensive) Miami vs Matagalpa (Matagalpa is 82% less expensive) Miami vs Chinandega (Chinandega is 79% less expensive) Miami vs Esteli (Esteli is 81% less expensive) Miami vs Granada (Granada is 78% less expensive) Miami vs Jinotega (Jinotega is 85% less expensive) Miami vs Juigalpa (Juigalpa is 79% less expensive) Miami vs San Juan del Sur (San Juan del Sur is 71% less expensive)